IANA Financial

Alhamdulillah.  All praise be to Allah.

*Fourth Loan - $3000*

As our first accomplishment in 2010, by the Grace of Allah, we recently awarded a loan to a student finishing his final year in the Faculty of Education.

That brings our tally to four interest-free loans to-date: one for a Dentistry student, two for Education students, and one small emergency loan under the Iana Now program.

*Let’s Support 10 in 2010*

Let’s pick up the momentum for 2010 and support ten people with interest-free loans this year; to do so, we’ll need your generous support!  Encourage family and friends to donate now!

*Be Responsible!*

We’re receiving inquiries from across Canada, the US, and the world that give us a glimpse into the gravity and scale of this problem.  Total inquiries are approaching a value of $750,000.  Although this saddens us and motivates us to do more, to be fair, it is obvious that some of the people seeking help have been irresponsible in their financial management - for years.

As such, here’s some advice from a brother completing Medical School without resorting to conventional interest-based loans:

Plan things before you go into Medical school or any high cost program.  Factors to earn Allah’s Help include:

1) Giving charity as it increases your rizq (wealth) and making duaa (prayers) for Allah’s sustenance.

2) Making jihad-ul-nafs (striving for self-discipline) to stay away from sins as they decrease the baraka (blessings) in the rizq (wealth).

3) Not wasting money (e.g. excessive eating out, buying coffee etc.); saving money.

4) Working in the summers (multiple jobs if need be). Working part-time if possible (you must be able to maintain a strong academic standing).

5) Studying hard and volunteering to get scholarships.

6) Family and friends are also very important blessings from Allah ta’la (the most great), where they can also help out with a student’s financial needs.

7) Riba (usury/interest) is haram (prohibited) and we must strive as hard as we can to stay away from it, and if we are sincere with Allah ta’la, He, Azawajal (exalted be He), will make a halal (permissible) way open for us.

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We ask Allah to bless our work and to benefit countless people through our humble efforts.

Encourage others to join the mailing list.

Keep us in your prayers.

-Sharafe and the Iana Team